Ferrari N.v. Places Eur 150 Million in Bonds With U.s. Private Investors, Due 2032
On July 29, 2021, Ferrari N.V.
Sentiment and the balance of points
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Rhea-AI Summary
On July 29, 2021, Ferrari N.V. (NYSE: RACE) announced the completion of a private placement of EUR 150 million in 0.91% senior notes due 2032. The offering targets specific US institutional investors and aims to raise funds for general corporate purposes. This move strengthens Ferrari's financial position and provides liquidity for future investments.
Positive
- Completed private placement of EUR 150 million in senior notes.
- Interest rate of 0.91% provides favorable borrowing conditions.
Negative
- None.
Details
News Market Reaction – RACE
The recorded move for RACE in the trading session of this news was +1.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Maranello (Italy), 29 July 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announced that it has completed a private placement to certain US institutional investors of EUR 150 million aggregate principal amount of
The net proceeds from the offering will be used towards general corporate purposes.
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